As the financial markets attempt to decompress from the extreme stress experienced over the past several days, precious metals are continuing the pullback they started on Monday. The price of gold (XAU/USD) has dropped from a peak above $2,000 early on Monday to be trading below $1,970 at the time of writing. A relative monthly…
November 20, 2024 New Delhi, India Gold Price Analysis Gold price (XAU/USD) retreated from the $2,642 level, its highest point in over a week, during Wednesday’s European session. The precious metal slid to a fresh daily low as the US Dollar (USD) regained strength amid rebounding Treasury bond yields. Key Market Drivers US Dollar Strength:…
October 22, 2024 New Delhi, India Gold Prices Gold (XAU/USD) climbed to trade in the $2,730 range on Tuesday as investors sought safe-haven assets amid the escalating conflict in the Middle East. The yellow metal’s rally comes despite a slowdown due to rising bond yields and a shift in global interest rate expectations. Safe-Haven Demand…
October 18, 2024 New Delhi, India Gold Prices Today Gold (XAU/USD) extended its rally on Friday, breaking past the $2,700 mark to reach a fresh record high during the Asian session. The surge is largely driven by expectations of interest rate cuts by major central banks, which boost demand for the non-yielding metal. Additionally, heightened…
October 14, 2024 New Delhi, India Gold Prices The Gold price (XAU/USD) continued its upward trend on Monday, rising to $2,667—its highest level in over a week during the European session. This marks the third consecutive day of gains for the yellow metal, driven by expectations of the Federal Reserve easing interest rates amid a…
September 27, 2024 New Delhi, India Gold Prices The Gold price (XAU/USD) faced some selling pressure on Friday, retreating from its record high near the $2,686 mark reached on Thursday. The decline was largely driven by a modest pickup in USD demand, which typically weighs on the price of the precious metal. Additionally, a risk-on…
September 26, 2024 New Delhi, India Gold Price (XAUUSD) Today The Gold price (XAUUSD) struggled to gain clear intraday direction on Thursday, oscillating below the all-time high touched the previous day. Traders remained cautious as they awaited more clues on the US Federal Reserve’s future rate-cut path. Despite expectations for another 50 basis points rate…
September 20, 2024 New Delhi, India Gold Prices The price of gold (XAU/USD) continued to gain traction for the second consecutive day, moving steadily closer to the $2,600 mark, approaching its all-time high during the early European session on Friday. This comes in the wake of the Federal Reserve’s significant rate cut on Wednesday, which…
September 16, 2024 New Delhi, India Gold Prices Gold (XAU/USD) prices have continued their upward trend, nearing an all-time high of $2,590 as the European session begins. This marks the third consecutive day of gains for the precious metal. Falling US Treasury yields and a weaker US Dollar, driven by expectations of a more aggressive…
September 13, 2024 New Delhi, India Gold Prices Gold prices (XAU/USD) continued their upward momentum for the second consecutive day, reaching a new all-time high around the $2,565-$2,570 level during the European session on Friday. The recent gains are driven by rising expectations for a larger interest rate cut by the Federal Reserve (Fed) next…
